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Economic Outlook

Western Balkan economies are seeing a rise in jobs, as regional growth is picking up and expected to reach 2.6 percent in 2017.

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Announcement - Call for Papers

The World Bank is preparing a comprehensive diagnostic report for the country, and we welcome your ideas through November 25.

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Economic Update

Economic growth in Europe and Central Asia will reach 2.2% in 2017. Higher than previously forecast growth comes with challenges.

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Countries in the Western Balkans are seeing an increase in jobs, as growth is picking up throughout the region. Regional growth is expected to reach 2.6 percent in 2017, resulting in the creation of 230,000 jobs through June 2017. Macedonia is estimated to grow 1.5 percent in 2017, before growing 3.2 percent in 2018 and 3.9 percent in 2019.

 

Economic growth, coupled with job creation, also contributed to a decline in the region’s poverty rate. At 23.6 percent, the projected rate for 2017 is a full percentage point lower than a year ago – this implies that about 124,000 people escaped poverty this year. 

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Marco Mantovanelli

Country Manager for Kosovo and FYR Macedonia

Bojana Naceva

Senior Education Specialist, Macedonia

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Country Office Contacts

Skopje, Republic of Macedonia
34 Leninova Street
1000 Skopje, Republic of Macedonia
Tel: +389 2 55 15 230
+389 2 3117 159
abozinovska@worldbank.org